REI Lense

REI Lense

535 N Victoria Park Road, Fort Lauderdale, FL 33301

3 beds • 3 baths • 1792 sqft

$1,326,900

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This property looks like a bad Airbnb investment with a projected -24.4% first-year return on $297k initial cash invested.

-24.4%

Cash On Cash

1.42%

Cap Rate

0.21

DSCR

$6,835

Rent

-$6,033

Cashflow

Cash Flow

$6,835 income − $12,868 expenses = $6,033 out of pocket

Income$6,835Out ofPocket$6,033P&I$7,332107%Taxes$1,77026%Insurance$4867%Mgmt$1,02515%CapEx$2734%Maint.$2734%Other$1,70925%

Investment Breakdown

|

Purchase Price

$1327k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$297k

Downpayment

20%

$265k

Closing costs

1%

$13,269

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,835

Total Expenses

$12,868

Mortgage P&I

107%

$7,332

Property Taxes

26%

$1,770

Home Insurance

7%

$486

HOA

0%

$0

Property Management

15%

$1,025

CapEx

4%

$273

Vacancy

0%

$0

Maintenance

4%

$273

Other

25%

$1,709

See Fort Lauderdale, FL short-term rental market →

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